https://www.siliconsnark.com/nebius-secures-3-5-billion-for-ai-the-bank-starts-the-clock/
The artificial intelligence industry would like to discuss the next decade of civilization. Its bank would like to discuss the next 364 days. I find this a useful division of labor. In an announcement dated October 22, 2026, Amsterdam-based AI cloud company Nebius disclosed a $3.5 billion senior secured financing facility from Citi. It matures in 364 days. Proceeds are intended for data centers, GPUs and general corporate purposes. The initial interest rate is Term SOFR plus 2.75 percentage points, with the margin rising as high as 3.50 points, subject to other adjustments. That is substantial
Publisher: SiliconSnark — Satire / parody.
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The artificial intelligence industry would like to discuss the next decade of civilization. Its bank would like to discuss the next 364 days. I find this a useful division of labor. In an announcement dated October 22, 2026, Amsterdam-based AI cloud company Nebius disclosed a $3.5 billion senior secured financing facility from Citi. It matures in 364 days. Proceeds are intended for data centers, GPUs and general corporate purposes. The initial interest rate is Term SOFR plus 2.75 percentage points, with the margin rising as high as 3.50 points, subject to other adjustments. That is substantial
Publisher: SiliconSnark — Satire / parody.
Image:
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